by Dan Mitchell | Nov 5, 2014 | Blogs, Health Care, Taxation
Wow, Barack Obama and the Democrats suffered a thermonuclear butt kicking. This was 1994 and 2010 put together. When the dust settles after recounts and run-offs, it appears that the GOP will have picked up 9 Senate seats. That’s one more than I predicted, and I...
by Dan Mitchell | Nov 2, 2014 | Blogs, Capital Gains, Taxation
According to the bean counters at Ernst and Young, the United States has one of the highest capital gains tax rates in the world. But if you don’t trust the numbers from a big accounting firm, then you can peruse a study from the pro-tax Organization for Economic...
by Dan Mitchell | Oct 30, 2014 | Big Government, Blogs, Government Spending, Taxation
Since I criticized Paul Ryan’s Roadmap budget plan yesterday as part of my column against the value-added tax, I now feel obliged to defend the proposal in one important respect. But first, some background. In a recent piece for the American Enterprise Institute,...
by Dan Mitchell | Oct 24, 2014 | Blogs, Economic Growth, Economics, Taxation
Since all economic theories – even Marxism and socialism – recognize that capital formation is a key to long-run growth, higher wages, and improved living standards, it obviously doesn’t make sense to penalize saving and investment. Yet that’s exactly what happens...
by Dan Mitchell | Oct 21, 2014 | Blogs, Economics, Taxation
In my writings on the Laffer Curve, I probably sound like a broken record because I keep warning that a nation should never be at the revenue-maximizing point. That’s because there’s lots of good research showing that there are ever-increasing costs to the economy as...
